Irish bank debt deal being sent to govt-source

Reuters Staff

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DUBLIN, Feb 7 (Reuters) - An agreement between the European Central Bank and Ireland on easing the country’s debt burden is being sent to the Irish government for approval, a source close to the talks said on Thursday.

“It is in the process of being sent to the Irish government,” the source said.

The ECB and Ireland reached a compromise on a long-standing dispute over the cost of servicing money borrowed for a failed bank, a source involved in the discussions told Reuters on earlier Thursday.